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Oct 29, 2012
10/12
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good-bye, jim. >> jim sinegal joining us from seattle. you see the president is going to make a statement on hurricane sandy at 12:45 eastern. >> i got lucky, carl. i do my costco quarterly shop. >> quarterly? >> i do it quarterly. where i just go -- this -- you get the vehicle that has got some room. you know what? i just went for all those things. i have a stack of waters that is this high. so costco is my place to get stuff. it looks like it is again. >> we'll see how it opens later in the week if we get there. >>> meantime we are tracking hurricane sandy as it bears town on the east coast. we'll get you the latest on the path, which areas will be hit hardest when we come right back. >>> wall street bracing for hurricane sanidy to barrel through the heart of the country's financial center. lower manhattan experiencing some flooding during high tide this morning. and then just moments ago, the governor of new york, andrew cuomo, announcing tunnels will close at 2:00 p.m. today. bridges will remain open for now. that could change as wind
good-bye, jim. >> jim sinegal joining us from seattle. you see the president is going to make a statement on hurricane sandy at 12:45 eastern. >> i got lucky, carl. i do my costco quarterly shop. >> quarterly? >> i do it quarterly. where i just go -- this -- you get the vehicle that has got some room. you know what? i just went for all those things. i have a stack of waters that is this high. so costco is my place to get stuff. it looks like it is again. >> we'll...
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Nov 1, 2012
11/12
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eye 156
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." >> we go straight to jim cramer with details. >> malawi is not going to retire. the board has said, we are committed to down lolly to at least 24.14. i don't think he's going anywhere. he's going to be promoted to chief operating officer. they have to rationalize europe, rationalize asia obviously and i think this is big news because i think a lot of people felt that allen had finished job one. >> i think that the key here is promoting the mark field, he or she is saying on the concern is that the likely successor would leave and find another success. it's important also to shareholders to -- >> this is one of those where obviously mark had a tremendous reputation with what he's done in north america. the man, he's now going to be in charge of lincoln. they're talking about a tremendous decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot
." >> we go straight to jim cramer with details. >> malawi is not going to retire. the board has said, we are committed to down lolly to at least 24.14. i don't think he's going anywhere. he's going to be promoted to chief operating officer. they have to rationalize europe, rationalize asia obviously and i think this is big news because i think a lot of people felt that allen had finished job one. >> i think that the key here is promoting the mark field, he or she is...
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Oct 31, 2012
10/12
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jim referenced ubs. that was enormous news we got. there was reporting about 10,000 people buying ubs. more importantly, the effect of shuttering of their fixed income business. they are keeping small parts of what is fixed income unit within the investment bank. ubs making a decision to get out of the fixed income business. we have talked often here at this very desk, jim, about the lack of profitability any longer and fixed income businesses for so much of wall street given not just dodd-frank but the capital free rule. they have taken r.o.e. down for these businesses. i wonder whether this move by ubs to say that we're done, we're out, is going to potentially give others at least a thought that perhaps we might consider that road when you look at ubs stock price trading up the last couple days up 12% all in both before and we knew this announcement was coming and after the announcement. does barclays say why are we in this business? >> after that quarter don't you think they should? >> when they have a big wealth management busines
jim referenced ubs. that was enormous news we got. there was reporting about 10,000 people buying ubs. more importantly, the effect of shuttering of their fixed income business. they are keeping small parts of what is fixed income unit within the investment bank. ubs making a decision to get out of the fixed income business. we have talked often here at this very desk, jim, about the lack of profitability any longer and fixed income businesses for so much of wall street given not just...
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Nov 2, 2012
11/12
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eye 113
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so if we get a new chairman, they're going to -- >> we have to go with breaking news, jim. sorry. thanks for being here. what's the breaking news? >> wayne angel, man, that takes me back. a few moments ago the homeland security secretary issuing a waiver of the jones act which means additional oil tankers will have access to ports in the northeast. it's a big deal, crude is moving. our sharon epperson has reaction. sharon? >> it's all traders are buzzing about. it's a huge story for the energy markets. we've seen an immediate reaction. oil prices falling here by about $2. $85.19 was the low of the session. big drops, 2% or so, in gasoline and in heating oil as well. this certainly alleviates the bottle neck issue that is have been happening around the new york, new jersey area and this is something that is very rare for this to occur, but this situation is as dire as it is and the need for supplies in the northeast is as dire as it is. the reaction immediate in the energy markets. we've even seen crude prices down about $1 or so. but the biggest reaction definitely in the products
so if we get a new chairman, they're going to -- >> we have to go with breaking news, jim. sorry. thanks for being here. what's the breaking news? >> wayne angel, man, that takes me back. a few moments ago the homeland security secretary issuing a waiver of the jones act which means additional oil tankers will have access to ports in the northeast. it's a big deal, crude is moving. our sharon epperson has reaction. sharon? >> it's all traders are buzzing about. it's a huge...